Forex & CFD Trading on Stocks, Indices, Oil, Gold by XM™ (2024)

FAQs

Is XM legit or fake? ›

Signing up with a fraudulent broker can easily result in you losing your money. The monetary loss can set back your investment plans by years. You can rest assured, XM is considered reliable as it is regulated by the top-tier ASIC in Australia.

Expert Reviewer Verdict. Aspiring traders seeking a comprehensive and user-centric trading experience should look no further than XM Group. With its user-friendly platform, diverse tradable assets, and commitment to education, XM stands out as a broker of choice.

It depends on several factors, but most beginners tend to get exposure to indices at the start of their journey as forex is more suited for experienced traders. This is because the indices market follows the direction of stocks closely, making it slightly predictive of how the index will move in the future.

Is Copy Trading good for new traders? Yes! Not only is our Copy Trading platform user-friendly and intuitive, but it also allows new traders to follow those more experienced.

In addition to bank transfer, XM also allows you to withdraw funds to a debit or credit card. Many brokers don't offer this option, so this is a definite plus for XM. Whatever methods you use, you may only withdraw money to bank accounts, cards or wallets that are in your name.

The minimum deposit or withdrawal amount for any account type is $5.

What is the Minimum Deposit for XM? The minimum deposit amount is the smallest amount of money that you can deposit into your XM trading account. This amount is different depending on the type of account you choose. For the Micro, Standard, and Ultra Low accounts, the minimum deposit is $5.

Yes, XM Forex is recognized as a legitimate trading platform. It is regulated by several financial authorities, including the Cyprus Securities and Exchange Commission (CySEC), the Australian Securities and Investments Commission (ASIC), and the Financial Conduct Authority (FCA) in the UK.

XM is a global brand with offices located all over the world. Our HQ is in Limassol, Cyprus.

For instance, if you use USD, the minimum initial capital requirement is $100. It is now time to choose the index you wish to trade. When choosing an index to trade, the factors to consider include trading conditions, trading hours, and your risk appetite.

Should I trade gold or forex? ›

Forex vs gold trading

Gold trading is known for its stability, which has made it one of the most popular investments for storing wealth. While forex traders might focus on short-term price fluctuations, most gold traders will look to take advantage of longer-term trends.

Risks of trading indices

The primary risk associated with trading indices is if the market moves in the opposite direction to your initial prediction. This is an unavoidable risk of trading and is the reason that all investors should develop a comprehensive understanding of the assets they trade.

For beginners diving into XM trading, there are a few accounts that could be a good fit. I'd say check out XM Ultra Low Account 'cause it's got tight spreads and low minimum deposits, perfect for starters. Then there's the Standard Account, which offers a bit more flexibility with leverage and trading sizes.

Best Broker Alternatives for XM Group

Interactive Brokers - 9.9/10 Overall. Saxo - 9.7/10 Overall. CMC Markets - 9.6/10 Overall. FOREX.com - 9.4/10 Overall.

Set Your Take Profit

Close 50% of the position at 161.8% Fibonacci extension level and change the stop loss of the remaining at the opening price. At the next resistance close 50% of the remaining position (25% of the original position) and move the stop loss higher. At the next resistance close the remaining 25%.

Safety. XM is a legit brokerage. It is regulated by three financial authorities globally through its parent company, including the top-tier ASIC. It is a well-established brand but is not listed on any exchange and does not disclose financial information.

XM offers its clients multiple trading benefits to stay at XM, starting with a $30 Trading Bonus. In other words, we give you $30 worth of credit (non-withdrawable) just for opening your first Real Account, allowing you to test our products and services by starting to trade with no initial deposit.

Yes, XM is licenced or authorised by regulatory bodies in the regions in which we operate.

XM has top-tier regulation

Just as the lifeguard keeps you safe in the water, offering immediate help when you need it, brokers operating with top-tier regulation protect your investments. They make sure your investments are secure and handled with integrity and transparency.